The 5 C’s of Credit for First Time Home Buyers

The 5 C’s of Credit for First Time Home Buyers

Character, Capacity, Capital, Collateral and Conditions. Knowing how these five characteristics apply to your quest to buy a home will make you a better, smarter, and more prepared first-time home buyer! Character If you ask a lender for a mortgage they’re going...
Global Uncertainty On the Horizon

Global Uncertainty On the Horizon

In May it was pretty certain that the Bank of Canada would not be making any changes to the overnight rate any time soon and the same remains true this month after their recent announcement. In fact, economists are projecting that it may be 2021 before we see rates...
Play House Before You Buy One For Real

Play House Before You Buy One For Real

You might know what it takes to run your own home; paying the bills, doing the shopping, cooking the meals and cleaning up. If you pay rent you may also be pretty good at making a budget and living within your means. However, do you really know what it costs to own...
Credit Card Debt Consolidation

Credit Card Debt Consolidation

Credit cards. Love em. Hate em. Probably both. In any case, most Canadians hoping to start building their credit need to use one. Lenders have made credit card usage more and more attractive with the invention of spending perks like travel rewards and cash back. If...
Beat the Mortgage Stress Test

Beat the Mortgage Stress Test

People looking to buy a new home, whether or not it is their first, have been struggling to cope with the mortgage stress test that was introduced by OSFI on January 1st 2018. This is in large part because the stress test measures your ability to deal with either the...